5

Veritas (India) Ltd

VERITASINDIALTD NSE

Key Fundamentals

MicrocapTrading & DistributorsCommercial Services
Market Cap
₹449 Cr
Volatility
Moderate
P/E Ratio
-568.6
EBITDA
₹88.20 Cr
Return on Equity
0.69%
Debt to Equity
0.15
Book Value
₹1,068.34
EPS
₹78.25
52W High
₹379.25
52W Low
₹132.2

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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55 extracted metrics + investor summaries across FY10–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Stock is trading at 0.15 times its book value

Weaknesses

6
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.6% over past five years.
  • Company has a low return on equity of 4.13% over last 3 years.
  • Contingent liabilities of Rs.481 Cr.
  • Dividend payout has been low at 0.29% of profits over last 3 years
  • Company has high debtors of 246 days.

Growth Rate

Revenue Growth
-24.09% ↘
Net Income Growth
-82.66% ↘
Cash Flow Change
-662.71% ↘
ROE
-83.80% ↗
ROCE
-71.95% ↗
EBITDA Margin (Avg.)
-40.04% ↘

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
495
941
1,324
1,095
756
916
1,642
785
587
1,006
988
532
898
Expenses
453
884
1,269
1,044
691
867
1,592
760
551
991
963
523
877
Operating Profit
42.11
56.86
55.08
50.61
64.32
48.13
50.28
24.81
35.86
15.63
24.83
9.09
20.08
OPM %
8.5%
6.04%
4.16%
4.62%
8.51%
5.26%
3.06%
3.16%
6.11%
1.55%
2.51%
1.71%
2.24%
Other Income
0.25
0.25
56.04
0.35
0.54
13.01
3.12
-10.67
2.78
-0.33
0.57
-0.28
0.53
Interest
8.36
6.33
5.85
10.58
7.59
14.05
13.16
5.41
4.57
4.39
3.23
15
5.97
Depreciation
8.78
8.91
8.96
15.89
9.43
10.1
9.95
9.94
9.97
10.31
10.52
10.52
11.03
PBT
25.22
41.87
96.31
24.49
47.84
36.99
30.29
-1.21
24.1
0.6
11.65
-16.71
3.61
Tax %
0.32%
0.62%
0.53%
0.73%
-0.48%
0.92%
1.22%
-9.09%
-0.21%
0%
6.52%
-4.67%
-1.39%
Net Profit
25.14
41.61
95.8
24.3
48.07
36.66
29.93
-1.1
24.15
0.6
10.88
-15.93
3.66
EPS in Rs
9.38
15.52
35.73
9.06
17.93
13.67
11.16
-0.41
9.01
0.22
4.06
-5.94
1.37
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,503
1,456
1,648
1,679
1,876
2,037
1,876
2,131
2,163
3,855
4,098
3,113
3,423
Expenses
1,446
1,388
1,567
1,601
1,765
1,899
1,714
1,975
2,021
3,651
3,911
3,027
3,354
Operating Profit
57
68
82
78
110
138
163
157
142
204
188
85
70
OPM %
3.8%
4.7%
5%
4.7%
6%
7%
9%
7%
7%
5%
4.6%
2.7%
2%
Other Income
0
0
2
1
12
49
4
0
5
58
6
3
0
Interest
6
6
9
7
51
35
24
19
17
31
40
27
29
Depreciation
1
1
1
1
25
30
32
32
34
43
39
41
42
PBT
50
61
73
71
46
122
111
106
96
188
114
20
-1
Tax %
4%
2%
2%
5%
6%
0%
1%
1%
1%
1%
0%
0%
—
Net Profit
48
60
71
68
44
122
109
105
95
187
114
20
-1
EPS in Rs
19.85
22.47
26.67
25.27
16.23
45.61
40.82
39.05
35.36
69.69
42.36
7.35
-0.29
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
1%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
2
3
3
3
3
3
3
3
3
3
3
3
Reserves
1,021
1,113
1,177
1,244
1,694
1,886
1,971
2,108
2,301
2,507
2,663
2,862
Borrowings
209
409
644
969
495
487
389
268
232
327
198
438
Other Liabilities
193
270
383
720
786
919
923
1,623
1,586
1,346
973
1,413
Total Liabilities
1,426
1,794
2,207
2,936
2,978
3,295
3,286
4,001
4,121
4,183
3,837
4,716
Fixed Assets
856
857
858
858
1,896
2,038
1,982
1,984
2,053
2,052
2,033
2,114
CWIP
84
386
730
1,316
331
334
339
342
344
349
349
349
Investments
1
1
1
1
1
1
1
1
9
10
2
1
Other Assets
485
550
618
761
751
922
964
1,674
1,715
1,772
1,454
2,251
Total Assets
1,426
1,794
2,207
2,936
2,978
3,295
3,286
4,001
4,121
4,183
3,837
4,716
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-25
156
80
279
225
145
144
121
81
56
41
-233
Investing
-85
-303
-346
-587
-77
-71
-10
27
-3
-32
19
-1
Financing
113
219
228
317
-133
-87
-130
-148
-76
-13
-39
210
Net Cash Flow
3
72
-38
9
15
-12
4
0
1
11
21
-23
Free Cash Flow
-25
-147
-266
-309
148
57
134
119
84
25
53
-233
CFO/OP
-42
233
101
359
208
107
89
78
58
28
23
-271
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
84
105
113
145
105
155
178
269
278
157
114
246
Inventory Days
6
0
8
3
25
0
0
15
8
4
4
5
Days Payable
46
27
31
58
84
103
70
197
156
15
66
141
Cash Conversion Cycle
44
78
90
90
46
52
108
88
130
146
53
110
Working Capital Days
35
52
61
-26
17
39
82
70
100
123
42
77
ROCE %
7%
5%
5%
4%
4%
7%
6%
5%
5%
8%
5%
2%

Shareholding Pattern

As of Jun 2026
Promoters 55.01%
Others 19.64%
Public 15.65%
FIIs 9.70%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
65.23%
65.23%
65.23%
65.23%
63.36%
63.36%
56.79%
22.83%
63.37%
55.01%
55.01%
55.01%
55.01%
55.01%
55.01%
55.01%
55.01%
55.01%
55.01%
55.01%
55.01%
55.01%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
9.91%
9.73%
9.71%
9.71%
9.71%
9.70%
9.70%
9.70%
9.70%
9.70%
9.70%
9.70%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.14%
0.14%
0.14%
0.14%
0.12%
0.00%
0.00%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
6.50%
6.25%
6.19%
6.18%
6.60%
6.42%
6.40%
6.63%
6.51%
12.62%
12.69%
13.01%
12.93%
13.14%
13.19%
13.40%
13.28%
13.97%
14.21%
14.48%
15.00%
15.65%
Others
28.27%
28.52%
28.58%
28.60%
30.04%
30.22%
36.81%
70.54%
30.12%
32.37%
22.39%
22.25%
22.35%
22.14%
22.09%
21.75%
21.87%
21.18%
20.95%
20.69%
20.29%
19.64%
No. of Shareholders
868
1,149
1,604
2,523
3,236
3,122
3,084
2,746
2,878
3,015
3,069
3,142
3,248
3,948
4,664
5,666
6,420
6,829
6,563
6,724
6,683
6,631

Documents

Frequently Asked Questions about Veritas (India) Ltd

What does Veritas (India) Ltd do?
Incorporated in 1985, Veritas India Ltd is in the business of Trading, Distribution, Development, and Wind Power Generation, and Manufacturing & Warehousing.[1]
Where is Veritas (India) Ltd (512229) listed?
Veritas (India) Ltd is listed on the Indian stock exchanges. It is listed on NSE: VERITASINDIALTD and BSE: VERITAS. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Veritas (India) Ltd belong to?
Veritas (India) Ltd operates in the Commercial Services sector within the Trading & Distributors industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Veritas (India) Ltd?
Veritas (India) Ltd has a market capitalisation of approximately ₹448.94 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Veritas (India) Ltd?
The Price-to-Earnings (PE) ratio of Veritas (India) Ltd is -568.60. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Veritas (India) Ltd?
Over the past 52 weeks, Veritas (India) Ltd has traded between a low of ₹132.2 and a high of ₹379.25. This range helps investors understand the stock's price volatility and recent trading levels.
Does Veritas (India) Ltd pay dividends?
Yes, Veritas (India) Ltd has a dividend yield of 0.03%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Veritas (India) Ltd?
Veritas (India) Ltd has a Return on Equity (ROE) of 0.69%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Veritas (India) Ltd on Tapetide?
On Tapetide, you can view Veritas (India) Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1985, Veritas India Ltd is in the business of Trading, Distribution, Development, and Wind Power Generation, and Manufacturing & Warehousing.[1]

Website veritasindia.net
Face Value ₹ 1

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